The White House announced that the U.S. Departments of Transportation and Energy will invest $325 million in three programs aimed at advancing electric vehicle (EV) technologies, repairing chargers, and reducing battery costs.
During the announcement, the White House stated that the funding for EV chargers will address the repair and replacement of non-operational chargers nationwide, lower costs for deploying charging infrastructure in underserved communities, and decrease battery expenses.
In a related development, the U.S. recently granted nearly $150 million for projects in 20 states, focusing on the repair or replacement of around 4,500 existing electric vehicle charging ports. These new funds are part of the $5 billion National Electric Vehicle Infrastructure (NEVI) program, which is supported by the $1 trillion 2021 infrastructure law.
States participating in the program are required to operate federally-funded charging ports for a minimum of five years, ensuring they function at a 97% reliability rate.